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626 N Palmway

Lake Worth Beach, FL 33460
  • $1,000,000
  • STATUS: Active
  • ON SITE: 97 Days
  • ID#: RX-10840239
UPDATED: 47 min ago
$1,000,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,169
    SQFT
  • $461
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Main house features: 3 Bedrooms, 3.5 baths, open concept living, fire place, laundry room and storage area. Guest house features: The 1 bed 1 bath private in-law suit has its own separate entrance, driveway, kitchen and walk-in closet. Investor income: Daily, seasonal or annual rental leasing is permitted. Guest house income potential $3K, main & guest $10k potential. Cap rate 10%. Great for Air BnB!Located in Lake Worth Beach. Minutes to: Palm Beach Island, Hypoluxo Island, Lantana Airport, I95, Four Seasons Resort, Lake Worth Casino, numerous golf courses, the beach, and restaurants/ shopping.RV, boat, truck and commercial vehicle parking allowed.Pets allowed.Renovations include: Chicago brick drive way, complete electrical, natural gas appliances, mechanical, plumbing, full impact windows, new roof, solar panels, irrigation system and electric car charging station. This home is move in ready and offers peace of mind! This award winning Historic certified 1925 single family home is completely renovated while keeping the integrity of the character arches and heart pine floors.

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www.mrcflorida.com/homes/134132040
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626 N Palmway Lake Worth Beach, FL 33460

  • Price: $1,000,000
  • Status: Active
  • On Site: 97 Days
  • Updated: 47 min ago
  • ID#: RX-10840239
0
Beds
0
Baths
0
½ Baths
0.15
Acres
2,169
SQFT
$461
$/SQFT
1925
Built
Neighborhood:
Lake Worth Beach
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Main house features: 3 Bedrooms, 3.5 baths, open concept living, fire place, laundry room and storage area. Guest house features: The 1 bed 1 bath private in-law suit has its own separate entrance, driveway, kitchen and walk-in closet. Investor income: Daily, seasonal or annual rental leasing is permitted. Guest house income potential $3K, main & guest $10k potential. Cap rate 10%. Great for Air BnB!Located in Lake Worth Beach. Minutes to: Palm Beach Island, Hypoluxo Island, Lantana Airport, I95, Four Seasons Resort, Lake Worth Casino, numerous golf courses, the beach, and restaurants/ shopping.RV, boat, truck and commercial vehicle parking allowed.Pets allowed.Renovations include: Chicago brick drive way, complete electrical, natural gas appliances, mechanical, plumbing, full impact windows, new roof, solar panels, irrigation system and electric car charging station. This home is move in ready and offers peace of mind! This award winning Historic certified 1925 single family home is completely renovated while keeping the integrity of the character arches and heart pine floors.
Exterior Features

Boat Services OvernightParkingUp To 20 Ft BoatUp To 30 Ft Boat Carport Spaces 0.00 Construction Stucco Exterior Features FenceOpen PatioRoom For Pool Lot Description < 1/4 AcreEast Of Us-1Interior LotPaved RoadSidewalksTreed Lot Lot Dimensions 50.0 Ft X 135.0 Ft Private Pool Description Inground Private Pool YN No Roof BarrelS-Tile Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking View GardenPool Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring Ceramic TileTileWood Floor Heating Central Unit1 Bedrooms 3 Unit1 Desc Den/FamilyDishwasherDisposalDryerFoyerKitchenLaundryMicrowavePatioRange - GasRefrigeratorSplit BedroomsWalk-In ClosetsWasher Unit1 Full Baths 3 Unit1 Furnished Yes Unit1 Half Baths 1 Unit1 Sq Ft 2159 Unit2 Desc Den/FamilyDishwasherDisposalDryerKitchenLaundryMicrowaveRange - GasRefrigeratorSplit BedroomsWalk-In Closets Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 250 Window Treatments Hurricane WindowsImpact GlassPlantation Shutters

Property Features

Ada Compliant Roll-In Shower Annual Net Operating Income 96000.00 Annual Total Expenses 15000.00 Auction No Available Info Service Contracts Built Desc Resale Development Name Lake Worth Beach Gated Community No Gross Operating Income 108000.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession At Closing REO No Restrictions Daily RatesHistoric DesignationLease OkOther Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 2489.00 Subdivision Amenities ClubhouseGolf CoursePark Tax Amount 4584.36 Tax Year 2021 Taxes City/County Tenant Pays Cable Terms Considered CashConventionalVa Unit1 Monthly Income 7000.00 Unit2 Monthly Income 3000.00 Utilities ElectricGas NaturalPublic Water Zoning Sf-R(C

Listing provided courtesy of Coastal Realty Group: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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11471 W Sample Rd #40
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